Post
Topic
Board Altcoin Discussion
Re: btc alternatives to use when withdrawing from the exchange
by
bittraffic
on 23/09/2022, 01:33:23 UTC
I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?

Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....

I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.


If you are just going to send your $4 to your bank account, just use the Binance P2P instead, you don't have to pay withdrawal fees anymore. I don't suppose you would hold $4 worth of altcoin so it's best to just use the P2p market and trade it for your local currency.

In bybit I guess you can use the XRP I think these are the easiest and fastest altcoins that is widely used.